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Course Criteria
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3.00 Credits
Hazlett Game theory is the study of strategic decisions made by mutually interdependent individuals. This course emphasizes the roles that information and reputation play in determining strategic outcomes. Applications include: patents, cartels, hostile takeovers, labor strikes, predatory pricing, common property problems, central bank credibility, involuntary unemployment, free-rider problems, and voting paradoxes. Prerequisites: Economics 101 or 177, and a semester of calculus.
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4.00 Credits
The transportation sector has experienced extraordinary growth in the last 50 years. After reviewing measures and estimates of the environmental and other costs not reflected in the prices of transport services, we consider the efficiency of policies to contain these costs and some important side effects of the policies.
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3.00 - 4.00 Credits
Storchmann This course will apply the material taught in microeconomics and econometrics classes. Using the wine industry as an example, it will cover a wide range of theoretical concepts such as auction theory, voting and ranking, revealed preferences, market structure and pricing, and input-output analysis. A particular emphasis will be given to the interaction between environmental parameters and wine price and quality. Prerequisite: Economics 307 and 327 or consent of instructor.
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4.00 Credits
not offered 2008-09 This course analyzes the historical growth patterns of advanced and developing countries to gain insights into why countries are at different levels of development. It covers several growth theories; the relationship between growth and structural change as well as the role of markets versus central planning. Factors that influence growth, including land, labor, credit, foreign investment and aid, are explored. Coverage also includes the role of the government in the growth process and policy measures to promote growth. Prerequisites: Economics 307 and 308. Distribution area: social sciences.
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3.00 - 4.00 Credits
Hazlett Modern fundamentals of the theory of finance. Topics include investment rules, risk, asset pricing, efficient markets, and debt versus equity financing. Prerequisites: Economics 227 or Mathematics 128 or Mathematics 338, and Economics 307.
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4.00 Credits
not offered 2008-09 This course presents labor markets from a microeconomic, macroeconomic and historical perspective. Coverage includes the structure of labor markets, wage determination, unemployment, discrimination, role of unions, effects of government policy, and global economic pressures. Prerequisite: Economics 307.
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3.00 Credits
A course designed to review selected topics in the field of economics through lectures, seminars, or group research projects. Prerequisite: consent ofinstructor.
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3.00 - 4.00 Credits
Hazlett A study of money, private and public banking institutions, central bank controls, monetary theory, and an analysis of the problems associated with contemporary monetary policy. Emphasis is on theory and national policy rather than bank operations. Prerequisite: Economics 307 and 308.
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3.00 Credits
; Belay This course will turn students' attention to the problems of integrating empirical methods into macroeconomics analysis. It provides students with hands-on computer based exercises on some of the results of testing or estimating macroeconomics models. This course covers a range of domestic topics, such as the behavior of investment spending, consumer spending, government spending and business cycles in the United States. On the international side, it covers world growth rates, exchange rates and international business cycles and the global economy. Prerequisite: Economics 308.
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3.00 - 4.00 Credits
; Belay An introduction to the application of mathematics to the theoretical aspects of economic analysis. Such mathematical methods as matrix algebra, differential calculus, and difference equations are employed to develop and analyze numerous economic models, including several models of the market, models of the firm and consumer, national income models, as well as models of economic growth. The course does not require exceptional mathematical ability. It is intended for all students with an interest in mathematics and economics. Prerequisites: Mathematics 126; Economics 307 and 308.
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